Crypto exchange Bittrex fined $29M for sanctions related AML failures
Bittrex failed to prevent persons apparently located in the Crimea region of Ukraine, Cuba, Iran, Sudan, and Syria from using its platform.
Bittrex failed to prevent persons apparently located in the Crimea region of Ukraine, Cuba, Iran, Sudan, and Syria from using its platform.
Vision Financial and Vision Brokerage agree to pay a fine as a part of a settlement with the Financial Industry Regulatory Authority (FINRA).
Hong Kong’s SFC has fined Rifa Futures Limited $9 million for failures in complying with AML/CFT and other regulatory requirements.
SFC imposes a $3.8 million fine on China Everbright Securities (HK) Limited for breaches of anti-money laundering regulatory requirements.
Wells Fargo Advisors, the St. Louis-based broker-dealer, has agreed to pay $7 million to settle the charges.
Hong Kong’s SFC has reprimanded and fined Emperor Securities and Emperor Futures $5.4 million for AML breaches.
Hong Kong’s SFC has reprimanded and fined Zhonghui International Futures Company Limited $5 million for regulatory breaches.
This is the first time the FCA has pursued criminal charges for money laundering failings.
The Monetary Authority has taken disciplinary action against UBS AG, Hong Kong Branch ordering it to pay a penalty of HK$9 million.
FINRA has imposed a fine of $250,000 on Score Priority Corp, formerly known as Just2Trade Inc.